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NEW YORK - Morgan Stanley Investment Management (MSIM), a division of the $247.82 billion market cap financial giant Morgan Stanley, announced Thursday that its 1GT private climate equity strategy has led a growth capital fundraise for Corvus Energy, a provider of low-carbon Energy Storage Systems for maritime vessels. According to InvestingPro data, Morgan Stanley maintains a FAIR financial health rating with robust revenue growth of 16.92% in the last twelve months.
The investment consortium, which includes Just Climate and J. Lauritzen, aims to accelerate Corvus Energy’s expansion as demand grows for clean maritime energy storage solutions.
Corvus Energy, headquartered in Bergen, Norway, develops battery systems that power various vessels including ferries, offshore service vessels, and cruise liners. The company’s technology enables ships to achieve zero-emission or low-emission operations.
"We are excited to welcome 1GT, Just Climate and J. Lauritzen as we strengthen our ability to meet surging global demand for zero-emission solutions in the maritime space," said Fredrik Witte, Chief Executive of Corvus Energy.
Vikram Raju, MSIM’s Head of Climate Private Equity Investing and 1GT, noted that "maritime decarbonization is a core theme for 1GT" and expressed support for Corvus in its next growth phase.
Founded in 2009, Corvus Energy has built a significant market presence with more than 1,300 installations across Europe, North America, and Asia, delivering over 1,300 MWh of power to a global fleet. The company offers both lithium-ion battery systems and hydrogen PEM fuel cell systems.
The financial terms of the investment were not disclosed in the press release statement.
Morgan Stanley Investment Management oversees approximately $1.7 trillion in assets under management or supervision as of June 30, 2025, according to the company. For detailed insights into Morgan Stanley’s financial health, valuation metrics, and 10+ additional ProTips, investors can access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Morgan Stanley has seen several important developments. The Federal Reserve has lowered Morgan Stanley’s Stress Capital Buffer from 5.1% to 4.3%, effective October 1, 2025, following the bank’s request for reconsideration. This adjustment also sets the firm’s aggregate U.S. Basel III Standardized Approach Common Equity Tier 1 ratio requirement at 11.8%. Additionally, BMO Capital initiated coverage on Morgan Stanley with an Outperform rating and a price target of $180, citing the bank’s potential for growth in capital markets. In another strategic move, Morgan Stanley Investment Management launched the Alternatives Investing Center, an online education platform aimed at helping financial advisors understand alternative asset classes. This platform provides courses on private equity, real estate, and other investment areas, with options to earn continuing education credits. Furthermore, Morgan Stanley is coordinating a significant transaction for TeraWulf Inc., which plans to raise $3 billion for data center expansion with backing from Google. These developments reflect ongoing strategic initiatives and regulatory adjustments impacting Morgan Stanley.
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